This one took me only 20 minutes. Getting quicker...! Doesn't mean it's right, but I'm getting through the steps. Patience +1. Money +1? TBD.
It's also very possible that we just had a leg out of a flag pattern and now everything I said will be totally wrong. Wouldn't be the first time. But, this is way more interesting than just using indicators.
It's also very possible that we just had a leg out of a flag pattern and now everything I said will be totally wrong. Wouldn't be the first time. But, this is way more interesting than just using indicators.
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It was looking very bearish at the time. Markets rallied. I typically don't enter short on stocks, but this was a good lesson that markets eventually rally higher, and the down bias has to be broken for that to happen.